＜Research＞CLSA Lowers PING AN (02318.HK) TP to $50.1, Rates Outperform

AASTOCKS

2024-07-22 10:20

A recent CLSA report has revealed that PING AN (02318.HK) will announce its 1H24 results on 22 August. The broker expects further improvement in the 2...

　　A recent CLSA report has revealed that PING AN (02318.HK) -0.100 (-0.291%) Short selling $432.69M; Ratio 31.602% will announce its 1H24 results on 22 August. The broker expects further improvement in the 2Q24 OPAT trend and stable interim DPS. Despite headwinds on new business amid a high base, stabilised long-term yield, low earnings base, and a weakened link to the property sector should support PING ANs fundamentals in 2H24.

　　In addition, having noted that the companys CB issuance has limited potential dilution, the broker has fine-tuned the earnings estimates and maintained an Outperform rating. The H-share TP has been lowered from $52.9 to $50.1.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-19 16:25.)

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